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TeachMeFinance.com - explain National Cheese Exchange (NCE) National Cheese Exchange (NCE) The term 'National Cheese Exchange (NCE) ' as it applies to the area of agriculture can be defined as ' A now defunct private non-profit corporation that operated in Green Bay, Wisconsin. Every Friday morning for one-half hour, members of the NCE met to buy or sell cheddar cheese in 40-pound blocks and 500-pound barrels on the exchange. The closing prices were published and widely circulated throughout the dairy industry, and were used as the basis for buying and selling cheese throughout the food distribution system. Up until April 1997 the USDA used changes in the NCE price as a principal component in determining the basic formula price for all milk sold under federal milk marketing orders. Activity on the NCE was regulated by the Wisconsin Department of Agriculture and the Wisconsin Attorney General'. Previous 5 Terms: National Association Of State Medicaid Directors National Bank for Cooperatives (CoBank) National Center for Atmospheric Research (NCAR) National Center For Health Statistics National Centers for Environmental Prediction (NCEP) Next 5 Terms: National Climatic Data Center National Committee For Quality Assurance National Committee For Quality Assurance (Ncqa) National Committee On Vital And Health Statistics National Council For Prescription Drug Programs About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.